Brief: GBL H1 Consolidated Net Result Turns To Profit Of EUR 450 Million

Groep Brussel Lambert NV

31/07/2023 17:21

July 31 (Reuters) - Groep Brussel Lambert NV  GBLB.BR :
    * HALF YEAR REPORT AS OF JUNE 30
    * H1 CONSOLIDATED NET RESULT AT EUR 450 MILLION VERSUS LOSS
EUR
329 MILLION YEAR AGO
    * H1 LOAN TO VALUE 11.7%, VERSUS 6.6% YEAR AGO
    * H1 NET ASSET VALUE PER SHARE AT EUR 119.30 (UP 2.7% VERSUS
DEC
2022)
    * H1 NET ASSET VALUE EUR 17.5 BILLION
    * END-JUNE CASH EARNINGS AT EUR 388 MILLION VERSUS EUR 384
MILLION
YEAR AGO
    * FORESEES TO PAY IN  2024 A DIVIDEND PER SHARE FOR FY 2023
STABLE
COMPARED TO THE  PRIOR YEAR
    * FY 2022 GROSS DIVIDEND OF EUR 2.75 PER SHARE, REPRESENTING
EUR
402.4 MILLION
    * ESTABLISHED ITS ORDINARY DIVIDEND PAYOUT RATIO BETWEEN 75%
AND
100% OF ITS CASH EARNINGS

Source text [https://bit.ly/3YhVobu]
Further company coverage:  GBLB.BR 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7785110;))